Two senior executives of CommScope Holding Co. have exercised shares and sold stock, profiting over $1 million each, according to two Form 4s filed with the Securities and Exchange Commission

Senior Vice President Peter Karlsson exercised 13,664 shares at $5.74 and then sold those shares at $40. He then exercised another 17,524 shares at $5.74 and sold at $40. The sale resulted a profit of $1,069,691.

Frank Wyatt, senior vice president, exercised 13,405 shares at $8.55 then sold at $40 and exercised another 21,963 at $8.55 and sold at $40. Wyatt sold all of his stock in the company and profited $1,113,933.

CommScope released its fourth quarter and year end earnings Thursday, announcing a fourth quarter increase in sales and revenues along with earnings that beat analyst projections. However, its stock price fell Thursday due to lower-than-expected guidance for the first quarter.

The board of directors announced an authorization to repurchase up to $100 million of common stock in order to reduce stock dilution, according to the Form 8-K filed with the Securities and Exchange Commission.

The company’s stock price closed at $37.72, down $2.59, or 6.43 percent, for the day.

Karlsson’s filing can be found here, and Wyatt’s filing can be found here.